OlaVM Technology (Sin7y)

OlaVM Technology (Sin7y)

Helping people shape their own Web3 journey. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD19—28m (Dealroom.co estimates Jul 2023.)
Central Singapore (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues1.1m
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DateInvestorsAmountRound
*

$3.0m

Seed
Total FundingAUD4.6m

Recent News about OlaVM Technology (Sin7y)

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Ola Architecture is a cutting-edge platform specializing in privacy-focused ZKVM Layer 2 solutions. The company offers a robust architecture that supports a wide range of privacy design options for smart contracts. Ola's high programmability is achieved through a customized GPL language that surpasses traditional DSL in features and flexibility. The platform boasts high performance with its OlaVM, a zk-friendly ZKVM that efficiently executes transactions and generates proofs. Ola also emphasizes better language scalability, leveraging the LLVM compilation framework to ensure compatibility with advanced programming languages. The developer-friendly Ola lang, with syntax similar to Rust, is integrated into Visual Studio Code, making it accessible for traditional developers to start building. Ola empowers users by returning control of their asset information and on-chain data, ensuring data ownership. The business model revolves around providing a comprehensive suite of tools and services for developers and enterprises looking to deploy decentralized applications (dApps) with desired levels of privacy and scalability. Ola generates revenue through service fees, licensing, and premium features. The market it operates in includes blockchain developers, enterprises seeking privacy solutions, and the broader Web3 ecosystem.

Keywords: ZKVM, Layer 2, privacy, smart contracts, high performance, programmability, developer tools, data ownership, blockchain, Web3.